South Korea eyes edge over China in UAE high-speed rail bid
South Korea’s consortium has a competitive edge over China in the bid for the United Arab Emirates’ $13.6 billion high-speed rail project, according to Transport Minister Park Sang-woo. The consortium—comprising Korea National Railway, Korea Railroad Corp., Hyundai Rotem, and POSCO E&C—has cleared the
South Korea forms Mars task force, aims to collaborate with US on space missions
South Korea has launched a new Mars exploration task force to pursue opportunities for collaboration with the United States on future missions to the Red Planet, the Korea AeroSpace Administration (KASA) announced on Wednesday. Speaking at a press briefing marking the agency’s first
US, South Korea, Japan reaffirm commitment to trilateral cooperation
Diplomats from the US, South Korea, and Japan met in Washington on Monday to reaffirm their “unwavering” commitment to trilateral cooperation amid growing regional and global challenges. Led by Yi Won-woo (South Korea), Kevin Kim (US), and Akihiro Okochi (Japan), the meeting focused
South Korea, US to hold second round of tariff talks in Washington
South Korea and the United States are set to hold a second round of technical-level tariff talks in Washington this week, as both sides aim to finalize a comprehensive trade agreement by early July. A delegation from South Korea’s Ministry of Trade, Industry
USTR Greer joins APEC talks in South Korea
US Trade Representative (USTR) Jamieson Greer arrived in South Korea on Wednesday to participate in the upcoming APEC Ministers Responsible for Trade Meeting, scheduled for Thursday and Friday at the International Convention Centre on Jeju Island, Yonhap reported. Greer is also expected to
South Korean firms struggle with uncertainties from Trump’s trade policy
In his first 100 days in office, US President Donald Trump has implemented a series of executive orders and tariffs aimed at reducing the United States’ trade deficit and boosting domestic manufacturing. However, the rapid and unpredictable changes in his policies have left
South Korea, US to discuss shipbuilding and energy cooperation
South Korea will explore ways to strengthen cooperation with the United States in the shipbuilding and energy sectors during the upcoming “2+2 trade consultations,” according to Seoul’s Industry Minister Ahn Duk-geun. The discussions aim to tackle trade imbalances that have led Washington to
South Korea eyes UAE rail, infrastructure projects
A high-level South Korean delegation is set to visit the United Arab Emirates (UAE) this week to advance Seoul’s participation in high-speed rail and infrastructure development projects, the Ministry of Land, Infrastructure and Transport announced on Wednesday. Led by Land Minister Park Sang-woo,
US to begin trade talks with South Korea next week
The United States is set to begin trade negotiations with South Korea next week, according to Treasury Secretary Scott Bessent, who emphasized the strategic value of being a “first mover” in trade talks as countries scramble to minimize the impact of President Donald
South Korea and US boost cooperation on space exploration and satellite systems
South Korea and the United States have reaffirmed their commitment to deepening space cooperation, with discussions covering lunar exploration, satellite navigation, and maritime domain awareness, South Korea’s foreign ministry said Tuesday. The high-level dialogue took place in Washington on Monday as part of
South Korean presidential office website closed after Yoon’s ouster
South Korea’s presidential office has taken its official website offline following the Constitutional Court’s ruling that removed President Yoon Suk Yeol from office. A notice on the site indicated that the service is “temporarily unavailable” due to maintenance, with an apology for the
Nearly 1 in 10 elderly in South Korea have Alzheimer’s
Nearly one out of 10 older adults in South Korea suffer from Alzheimer’s disease, with the number of dementia patients expected to surpass 1 million next year, according to data released on Wednesday. The data, compiled by the Ministry of Health and Social
Impeached South Korean president Yoon released from detention
Impeached South Korean President Yoon Suk Yeol was released from jail on Saturday, a day after a court ruled that he could stand trial without physical detention over his failed attempt to impose martial law in December. Waving to his supporters, Yoon walked
South Korea seeks constructive solution amid Trump tariff concerns
South Korea’s Industry Minister Ahn Duk-geun expressed confidence that Seoul and Washington can find a “constructive” and “win-win” alternative as the Trump administration moves to impose new tariffs on imports. Ahn arrived in the US for discussions with Commerce Secretary Howard Lutnick, focusing
Senior Seoul trade official heads to US for talks on Trump tariffs
South Korea’s Deputy Trade Minister Park Jong-won departed for Washington on Monday to discuss new U.S. tariffs and trade policies under President Donald Trump, his office announced. During his five-day visit, Park will meet officials from the U.S. Department of Commerce, the U.S.
South Korea seeks investment, trade deals to counter U.S. tariffs
South Korea must bring strong “bargaining chips” to the negotiation table with the United States, such as increased corporate investments in the U.S. and enhanced cooperation in key strategic industries. These measures could help minimize the impact of Washington’s “America First” trade policies
South Korean finance ministry to block Chinese DeepSeek AI access
South Korea’s finance ministry plans to block access to the Chinese artificial intelligence (AI) service DeepSeek, a ministry official said on Thursday, as part of Seoul’s latest restrictions on the use of the service amid data collection concerns. “Due to multiple technical concerns
South Korea set to post 1st increase in birth rate in nearly a decade: Data
South Korea’s birth rate is projected to have increased in 2024 for the first time in nine years but show significant regional differences, the statistics agency said on Monday. The number of newborns between January and November reached 220,094, up 3 per cent
S. Korea’s KASA to invest $562.5 million in R&D projects in 2025
South Korea’s national space agency, the Korea Aerospace Administration (KASA), announced on Wednesday that it will invest a total of 806.4 billion won ($562.5 million) in research and development (R&D) projects in 2025. This investment is part of the country’s efforts to position
Threats, new horizons loom for South Korean industries as Trump 2.0 begins
As Donald Trump took office for his second term as US president, South Korean industries were closely watching for potential changes in Washington’s economic and trade policies, which could significantly impact their American businesses, industry observers said on Tuesday. While concerns abound over